RA Central Bank Governor: Banking system assets reach 109% of GDP

ArmInfo.  Currently, the banking system's assets have reached 109% of GDP, as stated by Martin Galstyan, head of the Central Bank of Armenia, at a government  meeting on August 28.

"At the moment, banking assets have exceeded our GDP. As of July 31,  the total balance of banking capital amounted to 1.8 trillion drams,"  he said.  According to him, the banking system is becoming  more  exportable as banking services are provided not only to residents of  the country, but also to non-residents. Additionally, the head of the  Central Bank emphasized that Armenian banks operate in an extremely  transparent manner as all of them  undergo audits by G4 companies.